Monday, March 18, 2013
Chumba World bounces back from Kickstarter suspension with $2.6M
The professional team members of appsread.com has identified that Australian gaming startup Virtual Gaming Worlds raises $2.5m. It showed that shutting out of Kickstarter need not end a project. The Perth-based discreet company has closed a deal of $2.5 million Series a round.
The Virtual Gaming Worlds persuasive campaign focused to crowd source the money to generate successful develop Chumba World which is considered to be the trailblazing multiplayer online casino game for Facebook.
This potent game permits global users to become ‘the house’ and build their own casinos, potent slot machines, discreet games tables utilizing avatars as their joyful characters. It is believed that other players could also join in and play at their favorite casinos, permitting owners to develop virtual money. It is later converted as real cash.
The sources say that the Kickstarter campaign was actually terminated within four days after launch. They also did not give appropriate explanations. Though suspended by kickstarter, popular Facebook gambling startup Virtual Gaming raises $2.5M.
The discreet Virtual Gaming Worlds conveys us that they are exploring venture capital options and professionally secured the round. Due to unwanted publicity and arousing controversy almost led Virtual Gaming Worlds’ profile for pursuit of cash.
They have decided that funding would be invested on getting gambling license and for marketing the app on Facebook. Later it also streamlined to create potent mobile version. Further efforts are also made that adding new features for enabling players to monetize their casinos. As far as now they include 10 games in Chumba Casino with much more in development. After all these controversies it is believed that Facebook strikes successfully deal with 888 to establish real money gaming apps in the United Kingdom.
The appsread.com suggests that both online gaming and social gambling are more dangerous part. One can easily lose money or problem of underage gambling would spoil younger generations. But still there are lot of potentials for making huge money so does VC’s is focusing now.
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